\begingroup
\centering
\begin{tabular}{lcccccc}
   \tabularnewline \midrule \midrule
   Dependent Variables: & \multicolumn{2}{c}{Sabbatarian} & log(Dividends) & log(Shareholders) & log(Collection\_routes) & More\_than1\\
   Model:             & (1)            & (2)            & (3)             & (4)                   & (5)          & (6)\\  
   \midrule
   \emph{Variables}\\
   IM                 & 0.0461$^{***}$ & 0.0622$^{***}$ & -0.3915$^{***}$ & -0.0114               & 0.0772$^{*}$ & 0.0244$^{*}$\\   
                      & (0.0150)       & (0.0024)       & (0.0934)        & (0.0381)              & (0.0398)     & (0.0128)\\   
   \midrule
   \emph{Fixed-effects}\\
   Year               & Yes            & Yes            & Yes             & Yes                   & Yes          & Yes\\  
   GIS\_ID            & Yes            &                &                 &                       &              & Yes\\  
   soil\_type\_Year   & Yes            & Yes            & Yes             & Yes                   & Yes          & Yes\\  
   NUTS2\_year        & Yes            & Yes            & Yes             & Yes                   & Yes          & Yes\\  
   Creamery\_ID       &                &                & Yes             & Yes                   & Yes          & \\  
   \midrule
   \emph{Fit statistics}\\
   Observations       & 11,685         & 11,685         & 10,681          & 11,487                & 11,189       & 40,710\\  
   R$^2$              & 0.83787        & 0.07345        & 0.78972         & 0.95407               & 0.89051      & 0.87492\\  
   Within R$^2$       & 0.00197        & 0.03356        & 0.00573         & $6.18\times 10^{-5}$  & 0.00147      & 0.00200\\  
   \midrule \midrule
   \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.01, **: 0.05, *: 0.1}}\\
\end{tabular}
\par\endgroup
\begingroup
\centering
\begin{tabular}{lcccccc}
   \tabularnewline \midrule \midrule
   Dependent Variables: & \multicolumn{2}{c}{Sabbatarian} & log(Dividends) & log(Shareholders) & log(Collection\_routes) & More\_than1\\
   Model:             & (1)      & (2)            & (3)             & (4)                   & (5)      & (6)\\  
   \midrule
   \emph{Variables}\\
   IM                 & 0.0461   & 0.0622$^{***}$ & -0.3915$^{***}$ & -0.0114               & 0.0772   & 0.0244\\   
                      & (0.0432) & (0.0180)       & (0.0906)        & (0.0326)              & (0.0551) & (0.0171)\\   
   \midrule
   \emph{Fixed-effects}\\
   Year               & Yes      & Yes            & Yes             & Yes                   & Yes      & Yes\\  
   GIS\_ID            & Yes      &                &                 &                       &          & Yes\\  
   soil\_type\_Year   & Yes      & Yes            & Yes             & Yes                   & Yes      & Yes\\  
   NUTS2\_year        & Yes      & Yes            & Yes             & Yes                   & Yes      & Yes\\  
   Creamery\_ID       &          &                & Yes             & Yes                   & Yes      & \\  
   \midrule
   \emph{Fit statistics}\\
   Observations       & 11,685   & 11,685         & 10,681          & 11,487                & 11,189   & 40,710\\  
   R$^2$              & 0.83787  & 0.07345        & 0.78972         & 0.95407               & 0.89051  & 0.87492\\  
   Within R$^2$       & 0.00197  & 0.03356        & 0.00573         & $6.18\times 10^{-5}$  & 0.00147  & 0.00200\\  
   \midrule \midrule
   \multicolumn{7}{l}{\emph{Conley (50km) standard-errors in parentheses}}\\
   \multicolumn{7}{l}{\emph{Signif. Codes: ***: 0.01, **: 0.05, *: 0.1}}\\
\end{tabular}
\par\endgroup
